National Energy Services Reunited

NESR Energy Oil & Gas Equipment & Services

National Energy Services Reunited’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 1.72% from fiscal 2024.

Revenue
+59.1%
EPS
+175.0%
Free cash flow
+45.8%
Total debt
−22.6%

Quarter to June 2026, against a year earlier

19.62 0.42 +2.19%
Market cap
$1.9B
P/E
20.4×
Fwd P/E
13.4×
Dividend yield
—
F-score
5/9
Altman Z
2.00
Beneish M
−2.67
Dividend safety
n/a

National Energy Services Reunited (NESR) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, National Energy Services Reunited (NESR) trades at a price to free cash flow of 12.0×. Over the past ten years it has ranged from 0.0× (June 2020) to 43.8× (August 2020); the current reading is higher than 67% of that period. That is in line with the Oil & Gas Equipment & Services industry median of 12.4× and above the Energy sector median of 8.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 12.3× 82.50%
FY2024 6.7× 52.49%
FY2023 4.4× (32.88%)
FY2022 6.6× (29.31%)
FY2021 9.3× (55.22%)
FY2020 20.7× —
FY2019 0.0× —
FY2018 21.9× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 18.7× 12.00%
Mar 2026 16.7× 35.90%
Dec 2025 12.3× (39.90%)
Sep 2025 20.4× 350.27%
22 more quarters

Against its own ten years

Low 0.0× High 43.8×
Ten-year median 6.7×
Current reading's percentile 67

Price to free cash flow against peers

Company Price to free cash flow
EROK EagleRock Land LLC compare n/m
LBRT Liberty Energy Inc. compare n/m
NEXT NextDecade Corporation compare n/m
WTTR Select Water Solutions, Inc. compare n/m
EFXT Enerflex Ltd. compare 6.0×
FLOC Flowco Holdings Inc. compare 6.0×
INVX Innovex International, Inc. compare 7.7×
NESR National Energy Services Reunited 12.0×
XPRO Expro Group Holdings N.V. compare 14.6×
Oil & Gas Equipment & Services industry median 12.4×
Energy sector median 8.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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